Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Before the Binance and Coinbase cases, the big crypto v SEC case was Ripple. Anyway they’ve released some EMAILS around a speech given in 2018 by William Hinman, which suggests that perhaps Ethereum is not a security, and looooooooooool:
“As written, the language remains vague as to whether ETH is a security. If you want to make an affirmative statement that it is not a security, the language could be stronger (i.e., just say it). If you don’t want to take an affirmative stance, we suggest using language similar to what you used for Bitcoin re. the disclosure regime to make it more consistent,” wrote former SEC Director of Trading and Markets Brett Redfearn on June 12, 2018.
Redfearn left comments in a proposed draft of the speech further emphasizing that point, saying parts of it “appear likely to create more confusion about the status of ETH.”
Ripple has a perspective, of course.
